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SENESCO Wins Barge Contract

Maritime Activity Reports, Inc.

January 11, 2001

The Southeastern New England Shipbuilding Corporation (SENESCO) will build a 180-ft. barge at Quonset Point, R.I., for John P. Picone Inc., a general contractor from Lawrence, N.Y. This is the ninth barge order SENESCO has received since it began operations in November 1999. In addition, SENESCO has manufactured a number of barge-like structures or "floats" used in marinas for passenger, gambling and other craft in Lynn and Boston, Mass. The Picone Vessel will be used as a construction barge in the New York area. All five vessels built so far at SENESCO are deck barges and have the capability of carrying heavy crawler cranes.

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